National Affairs and Government Updates Banking and Financial Sector Developments RBI Monetary Policy Update: The Reserve Bank of India maintained its aggressive monetary stance with a significant 50 basis points repo rate cut, bringing the rate down from previous levels. The central bank also announced a 100 basis points reduction in Cash Reserve Ratio (CRR)…
1. Which state’s leadership crisis involved the summoning of CM Siddaramaiah and Deputy CM DK Shivakumar to Delhi? A) Maharashtra B) Karnataka C) Telangana D) Bihar Answer: B) Karnataka 2. What is the primary objective of the UMEED portal launched by Kiren Rijiju? A) Agricultural subsidies B) Digital management of Waqf properties C) Healthcare initiatives…
National Affairs Political Developments Karnataka Leadership Crisis: Chief Minister Siddaramaiah and Deputy Chief Minister DK Shivakumar summoned to Delhi by Congress high command following the Bengaluru stampede incident that occurred during RCB victory celebrations on 04.06.2025 Modi Government Milestone: The central government completed its first year of the third term and 11th year overall, with…
1. By how many basis points did the RBI reduce the repo rate in its June 2025 policy meeting? a) 25 bps b) 40 bps c) 50 bps d) 75 bps Answer: c) 50 bps 2. Which bridge on the Udhampur-Srinagar-Baramulla Rail Link is the world’s highest railway bridge? a) Anji Khad Bridge b) Chenab…
NATIONAL NEWS COVID-19 Situation Update Active COVID-19 cases in India crossed the 6,000 mark as of June 8, 2025 Total of 6 deaths reported in the last 24 hours across four states Kerala remains the most affected state with over 1,800 active cases Delhi reported 73 fresh cases, taking the total active cases to 665…
1. What is the new repo rate announced by RBI in June 2025? A) 5.25% B) 5.50% C) 5.75% D) 6.00% Answer: B) 5.50% 2. Which infrastructure project was inaugurated by PM Modi in Jammu & Kashmir? A) Mumbai-Ahmedabad Bullet Train B) Udhampur-Srinagar-Baramulla Rail Link C) Delhi-Meerut Expressway D) Chennai-Bengaluru Industrial Corridor Answer: B) Udhampur-Srinagar-Baramulla…
National News Headlines for 08.06.2025 Economic and Banking Developments RBI Monetary Policy Update: Reserve Bank of India reduced repo rate by 50 basis points from 6.00% to 5.50% during the 55th Monetary Policy Committee meeting held from June 4-6, 2025 Policy Stance Change: RBI shifted its policy stance from “Accommodative” to “Neutral,” indicating a data-dependent…
National Events – India Prime Minister’s Kashmir Visit and Infrastructure Development PM Narendra Modi inaugurated the world’s highest railway arch bridge – Chenab Rail Bridge in Jammu and Kashmir The bridge stands 359 meters above the riverbed, making it taller than the Eiffel Tower Bridge spans 1,315 meters and connects Bakkal and Kauri villages in…
NATIONAL AFFAIRS Infrastructure Development Mumbai-Nagpur Samruddhi Expressway Final Phase Inaugurated Maharashtra CM Devendra Fadnavis inaugurated the final 76-km stretch from Igatpuri to Amane on 05.06.2025 The complete 701-km expressway is now fully operational Travel time reduced from 16-18 hours to just 8 hours between Mumbai and Nagpur Project cost: Rs 55,000 crore Maximum speed limit:…
1. What is the expected repo rate cut projected by SBI Research in the June 2025 RBI MPC meeting? a) 25 bps b) 35 bps c) 50 bps d) 75 bps Answer: c) 50 bps 2. The Ladakh Reservation (Amendment) Regulation 2025 caps total reservation for government jobs at: a) 75% b) 85% c) 90%…
